Chapter 3 [Section 4 - Joint and Solidary Obligations] Flashcards
1
Q
An obligation where there is one debtor and one creditor.
A
Individual obligation
2
Q
An obligation where there are two or more debtors and two or more creditors.
A
Collective obligation
3
Q
An entire obligation is to be paid or performed proportionately by the debtors.
A
Joint
4
Q
Each one of the debtors are obliged to pay the entire obligation, each one of the creditors has the right to demand from any of the debtors, the fulfillment of the entire obligation.
A
Solidary
5
Q
“We promise to pay”
Mancomunada, mancomunada simle, propotionate, pro-rata
A
Joint obligation
6
Q
“I promise to pay”
Jointly and/or severally, mancomunada solidaria, individually and collectively, in solidum
A
Solidary obligation
7
Q
When the parties are bound by the same stipulations.
A
Uniform
